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Prospect News home > News index > List of issuers I > Headlines for Industrial Investment Overseas Ltd. > News item
Published on 8/11/2021 in the Prospect News Emerging Markets Daily.

New Issue: Nanjing Jiangbei unit prices $250 million 2.3% one-year notes

By William Gullotti

Buffalo, N.Y., Aug. 11 – Industrial Investment Overseas Ltd., a wholly-owned subsidiary of Nanjing Jiangbei New Area Industrial Investment Group, priced $250 million of 2.3% one-year notes (//BBB), according to a listing notice on Wednesday.

The joint lead managers and joint bookrunners for the offering are China International Capital Corp. Hong Kong Securities Ltd., Bank of China Ltd., China Citic Bank International Ltd., China Securities (International) Corporate Finance Co., Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Merchants Securities (HK) Co., Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Orient Securities (Hong Kong) Ltd. and Shenwan Hongyuan Securities (H.K.) Ltd.

The listing for the notes on the Singapore Exchange is expected on Aug. 12.

The proceeds will be used for refinancing and general corporate purposes, according to Fitch Ratings.

Nanjing Jiangbei is an investment company focused on land development, urban infrastructure construction and house leasing services.

Issuer:Industrial Investment Overseas Ltd.
Issue:Notes
Amount:$250 million
Maturity:Aug. 10, 2022
Bookrunners:China International Capital Corp. Hong Kong Securities Ltd., Bank of China Ltd., China Citic Bank International Ltd., China Securities (International) Corporate Finance Co., Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Merchants Securities (HK) Co., Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Orient Securities (Hong Kong) Ltd. and Shenwan Hongyuan Securities (H.K.) Ltd.
Coupon:2.3%
Issue date:Aug. 11
Listing date:Aug. 12
Ratings:Fitch: BBB

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